Consolidated figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | 93.3% | 20.5% | 22.6% | 25.6% |
| EBITDA margin % | 77.7% | 6.3% | ||
| 8.5% |
| 11.3% |
| EBIT margin % | 76.2% | 4.7% | 6.6% | 9.6% |
| PAT margin % | 74.6% | 3.9% | 4.9% | 7.2% |
| Working capital | ||||
| Receivable days | 72 | 108 | 142 | 139 |
| Inventory days | 1,571 | 146 | 102 | 108 |
| Payable days | 1,305 | 179 | 196 | 199 |
| NWC days | 338 | 75 | 49 | 48 |
| Leverage | ||||
| Current ratio | 1.46 | 1.23 | 1.33 | 1.7 |
| Debt to EBITDA | 0.22 | 2.9 | 1.89 | 0.65 |
| Debt to equity | 0.23 | 0.36 | 0.35 | 0.12 |
| Interest coverage | 74.3 | 5.4 | 5.1 | 10.3 |
| Asset turnover | 0.81 | 0.85 | 0.9 | 0.84 |
| Return ratios | ||||
| Return on assets % | 60.1% | 3.4% | 4.4% | 6% |
| Return on capital employed % | 95.4% | 11.7% | 15.5% | 18.7% |
| Return on equity % | 99.2% | 7.7% | 10.5% | 12.1% |
Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.